Revision in GST returns may be allowed from April 2025
The government is considering allowing filing of updated or revised returns under the goods and services tax (GST), a move…
Category: News
Supreme Court stays quashing of Rs 21,000 cr GST notice to Gameskraft
Issuing notice to the company on the plea by the GST Directorate, a three-judge bench presided by Chief Justice of…
IT Deptt. all set to cut refund time to 10 days from this fiscal year
The revenue department is poised to roll out a system to cut the average processing and issuance time for tax…
I-T department to use AI regression model to find deviations
The Income Tax department is exploring usage of artificial intelligence (AI) to build regression models to identify deviations and errors in tax…
Mastermind in generating fake invoices, bills apprehended by GST officials
Officers of the Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, apprehended a Hyderabad resident, who is said to…
Govt to set up online audit mechanism under GST: Parliamentary panel
The recommendation was made in view of the concern with respect to audit in GST under which a large number…
ITR Filing Due Date Extension : Will govt extend the deadline
Taxpayers are rushing to file their income tax returns in India before the July 31 deadline, with over 4 crore…
Delhi High Court reprimands GST authority
Coming to the rescue of a tax payer, the Delhi High Court on Tuesday reprimanded the officials of the Commissioner…
Rs 3.33 trillion GST evasion detected during FY19-FY23
Rs 1.08 trillion in taxes recovered from fraudsters The Goods and Service Tax (GST) authorities have detected Rs 3.33 trillion in tax…
IT dept sends 100,000 notices over under-reported income
Finance Minister Nirmala Sitharaman Monday said that the income tax department has sent one lakh notices in cases where assesses…
GST rate rejig off the table for now
The recent meeting of the GST Council did not reconstitute the key ministerial group responsible for examining the matter NEW…
Exposure Draft of Guidance Note on Tax Audit for AY 2023-24 issued
The law has entrusted onerous responsibility of conducting tax audit under section 44AB on chartered accountants in practice. For compiling…